Indian future-saving fintech Multipl raises $3 million

Oluwajuwonlo Afolabi -

Multipl, a future-saving enabler fintech startup based in India has raised $3 million in its latest funding round to increase investments and improve aspirational spending in the country.

  • Multipl is a savings startup that offers app-based cashback and coupons to enable people to reduce impulse spending and save for future events or plans.
  • The startup has introduced a plan-now-pay-later (PNPL) savings model which attracted 150,000 downloads for their app in the first six months.
  • The new funding round was led by Blume Ventures, GrowXVentures, IIFL, and Kotak Securities Limited.